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Selected Quarterly Financial Data (Unaudited) (Notes)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited):

Summarized quarterly financial data for the years ended December 31, 2015 and 2014 are as follows (in thousands, except per share data):
 
2015
 
First
 
Second
 
Third
 
Fourth
Revenues (other than gains)
$
119,684

 
$
126,905

 
$
114,843

 
$
112,551

Expenses
(107,407
)
 
(115,439
)
 
(101,717
)
 
(98,788
)
Operating income
12,277

 
11,466

 
13,126

 
13,763

Interest and other income
170

 
312

 
218

 
203

Equity in earnings of unconsolidated joint ventures
162

 
422

 
339

 
1,281

Net gains on sale of real estate
14,316

 
45,246

 
47,351

 
3,819

Gain on sale of unconsolidated property
—

 
—

 
—

 
9,698

Gain (loss) on extinguishment of debt
79

 
(4,919
)
 
(702
)
 
(520
)
Interest expense
(19,198
)
 
(17,676
)
 
(17,017
)
 
(17,590
)
Income tax expense
(192
)
 
(326
)
 
(491
)
 
(894
)
Net income
7,614

 
34,525

 
42,824

 
9,760

Noncontrolling interests
(339
)
 
(20,393
)
 
(5,573
)
 
(1,083
)
Net income for Parkway Properties, Inc. and attributable to common stockholders
$
7,275

 
$
14,132

 
$
37,251

 
$
8,677

 
 
 
 
 
 
 
 
Net income per common share:
 

 
 

 
 

 
 

Basic:
 

 
 

 
 

 
 

Income from continuing operations attributable to Parkway Properties, Inc.
$
0.07

 
$
0.13

 
$
0.33

 
$
0.08

Discontinued operations
—

 
—

 
—

 
—

Basic net income attributable to Parkway Properties, Inc.
$
0.07

 
$
0.13

 
$
0.33

 
$
0.08

Dividends per common share
$
0.1875

 
$
0.1875

 
$
0.1875

 
$
0.1875

Diluted:
 

 
 

 
 

 
 

Income from continuing operations attributable to Parkway Properties, Inc.
$
0.07

 
$
0.13

 
$
0.33

 
$
0.08

Discontinued operations
—

 
—

 
—

 
—

Diluted net income attributable to Parkway Properties, Inc.
$
0.07

 
$
0.13

 
$
0.33

 
$
0.08

Weighted average shares outstanding:
 

 
 

 
 

 
 

Basic
111,216

 
111,543

 
111,583

 
111,614

Diluted
116,531

 
116,666

 
116,723

 
116,760


 
2014
 
First
 
Second
 
Third
 
Fourth
Revenues (other than gains)
$
104,113

 
$
110,460

 
$
115,747

 
$
126,381

Expenses
(94,160
)
 
(103,390
)
 
(106,275
)
 
(133,253
)
Operating income (loss)
9,953

 
7,070

 
9,472

 
(6,872
)
Interest and other income
368

 
402

 
121

 
561

Equity in earnings (loss) of unconsolidated joint ventures
(478
)
 
(496
)
 
191

 
(184
)
Gain on sale of in-substance real estate
6,289

 
—

 
—

 
—

Net gains on sale of real estate
—

 
—

 
6,664

 
69,714

Loss on extinguishment of debt
—

 
(339
)
 
—

 
(2,066
)
Interest expense
(15,244
)
 
(16,793
)
 
(16,543
)
 
(17,515
)
Income tax benefit (expense)
(342
)
 
(257
)
 
(164
)
 
624

Income (loss) from continuing operations
546

 
(10,413
)
 
(259
)
 
44,262

Discontinued operations:
 
 
 
 
 
 
 
Loss from discontinued operations
(43
)
 
(50
)
 
(289
)
 
(9
)
Gain on sale of real estate from discontinued operations
10,463

 
—

 
—

 
—

Total discontinued operations
10,420

 
(50
)
 
(289
)
 
(9
)
Net income (loss)
10,966

 
(10,463
)
 
(548
)
 
44,253

Noncontrolling interests
(121
)
 
618

 
63

 
(1,825
)
Net income for Parkway Properties, Inc. and attributable to common stockholders
$
10,845

 
$
(9,845
)
 
$
(485
)
 
$
42,428

 
 
 
 
 
 
 
 
Net income (loss) per common share:
 

 
 

 
 

 
 

Basic:
 

 
 

 
 

 
 

Income (loss) from continuing operations attributable to Parkway Properties, Inc.
$
—

 
$
(0.10
)
 
$
—

 
$
0.38

Discontinued operations
0.11

 
—

 
—

 
—

Basic net income (loss) attributable to Parkway Properties, Inc.
$
0.11

 
$
(0.10
)
 
$
—

 
$
0.38

Dividends per common share
$
0.1875

 
$
0.1875

 
$
0.1875

 
$
0.1875

Diluted:
 

 
 

 
 

 
 

Income (loss) from continuing operations attributable to Parkway Properties, Inc.
$
—

 
$
(0.10
)
 
$
—

 
$
0.38

Discontinued operations
0.11

 
—

 
—

 
—

Diluted net income (loss) attributable to Parkway Properties, Inc.
$
0.11

 
$
(0.10
)
 
$
—

 
$
0.38

Weighted average shares outstanding:
 

 
 

 
 

 
 

Basic
97,356

 
99,092

 
100,016

 
111,076

Diluted
102,614

 
99,092

 
100,016

 
116,521